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Museveni Highlights Uganda’s Economic Transformation at Abu Dhabi Summit

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Museveni Highlights Uganda’s Economic Transformation at Abu Dhabi Summit
Museveni speaks at the summit

President  Museveni has outlined Uganda’s remarkable economic journey since 1986, showcasing the country’s growth and diversification efforts during a presentation in Abu Dhabi.

Speaking at the summit, Museveni detailed the five phases of Uganda’s economic transformation, emphasising the importance of peace, infrastructure, and human capital in driving development.

Museveni traced Uganda’s progress from a narrow economic base in 1986, when only coffee, cotton, tea, tobacco, and tourism (the “3Cs and 3Ts”) were thriving, to a diversified and robust economy today.

The five key phases included: Reviving traditional exports such as coffee, cotton, tea, and tobacco. Expanding production in these sectors and adding tourism as a key driver.

Diversifying the economy with new industries, including fish, fruits, dairy, and beef. Adding value to raw materials through processing, such as textiles and sugar.

Entering the knowledge economy with advanced products like automobiles and vaccines.“Since 1986, we have built a strong foundation for economic growth by reviving and expanding traditional industries while diversifying into new areas,” Museveni noted.

Museveni stressed that these achievements were only possible because of sustained investments in peace, infrastructure, and human development.

“We focused on electricity, roads, schools, and health centers to create an environment conducive for economic activity,” he explained.

These investments have paid off, with Uganda’s economy growing from $4 billion in 1986 to $55 billion in foreign exchange terms or $168.5 billion in purchasing power parity (PPP).

The President highlighted Uganda’s transition into the knowledge economy, citing recent milestones such as the production of electric vehicles and vaccines.

He emphasised the importance of maintaining peace and fostering innovation to sustain growth.

Museveni’s speech in Abu Dhabi underscored Uganda’s appeal as an investment destination, inviting global partners to participate in the country’s economic journey.

“With the right partnerships, we can take Uganda’s growth to the next level,” he said.

Museveni also touched on Uganda’s strategic investments in infrastructure, which have not only spurred domestic growth but also strengthened regional trade.

Projects such as improved road networks and electricity generation have positioned Uganda as a hub for East African economic integration.

As Uganda continues to build on its legacy of economic transformation, Museveni’s vision highlights the importance of innovation, partnership, and sustainability in shaping the country’s future.

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